S&P's parent McGraw-Hill Companies Inc, said on Tuesday Deven Sharma, who has served as S&P president since 2007, will be succeeded on Sept. 12 by [duh] Citibank Chief Operating Officer Douglas Peterson.

An overwhelming global economic interruption is underway, but all of its negative effects are being made worse by endless military adventurism, which is heaping debt upon the center by the trillions.

Before Obama got his way, most of us had never even contemplated what a “trillion dollars” actually meant. Now we toss the word around like it is really just business as usual, and not the most obvious signal that the whole thing has blown-up in their faces.